HOUSE MOVING 101 – DEFECTS CHECK WITH ABSOLUTE INSPECTION (Blog review by MYLILBOOKWORM)

HOUSE MOVING 101 – DEFECTS CHECK WITH ABSOLUTE INSPECTION (Blog review by MYLILBOOKWORM)

Article first published at MYLILBOOKWORM, link: http://mylilbookworm.blogspot.sg/2017/12/house-moving-101-defects-check-with.html No doubt about it, there is much excitement when one finally gets to move into a new house. Think about the ability to restyle your house just get your adrenaline going. After the renovation, time to move in? Nah. We spent hundreds of thousand, if not millions, owning a house, how could we simply move in with just our eyeball checks, without even seeking professional’s help in inspecting our house? Building defects and renovation defects do not just happened to mass market housing, even luxury condos like Seaview is not spared. Building a new building involves many parties, it is so easy to push responsibilities here and there. It is thus, important to engage a professional inspection of the T.O.P unit before you start renovation and even moving in. https://www.99.co/blog/singapore/how-the-seaview-is-a-gigantic-warning-to-singapores-property-buyers-2/ http://www.straitstimes.com/singapore/courts-crime/seaview-condo-defects-residents-hit-snag http://www.todayonline.com/singapore/heng-lead-task-force-probing-residents-complaints-centrale-8 Even though we bought a resale unit, we are careful of these pitfalls too. You never know what kind of problems you may inherit (because sellers are not obliged to disclose) and the renovation woes due to poor workmanship. While those T.O.P units have 12-months defect liability period to rectify any defects, resale units do not have. Thus, it is very important for you to put in a clause on defects liability in your renovation contract to ensure all defects are rectified within a reasonable time and a warranty period is in place. For your reference, we have a clause that allows us to hold back 10% of the renovation contract value until all rectification works are done of satisfactory level and a warranty period of 2 years. We do...